Active
2 Days on market
7 Princeton Street Peabody — Photo 1 of 41

7 Princeton Street Peabody — Photo 1 of 41

$820,000

7 Princeton Street, Peabody, MA 01960

Peabody, MA 01960 — Brooksby Farm

Beds

4

Baths

2.5

SqFt

2,372

Style

Single Family

Built

1961

Welcome to 7 Princeton Street! This exceptionally well-maintained 4+ bedroom home is set on nearly a half-acre in a sought-after, established Peabody neighborhood and offers an impressive footprint inside and out. Pride of ownership is evident throughout, with important improvements already in place, including high-efficiency gas heating and central air. The main level alone offers over 1,700 sq. ft. of living space with a spacious living room, dining room, kitchen, three bedrooms, plus a primary bedroom and large family room off the kitchen, providing an abundance of space and a flexible floor plan. Hardwood flooring lies beneath the carpeting throughout the original living room, dining room, hallway and three bedrooms . . an opportunity to uncover and restore the home’s original hardwood. A large trex deck with gas line overlooks the generous yard and extends the living and entertaining space outdoors. The spacious lower level offers tremendous expansion potential, with a family room featuring a fireplace, built-in bar, additional room and half bath, plus plenty of opportunity for the next owner to reimagine the space. The property also offers a generous dedicated storage area. A solid, exceptionally well-cared-for home offering remarkable space, flexibility and a beautiful lot with plenty of room to make it your own.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$346/sqft
Local Avg (Peabody)$392/sqft
12% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Peabody, MA.

Property Details

Financials

Original Price$820,000
Annual Taxes$7,015.38

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms10
Fireplaces1
FlooringTile, Carpet, Hardwood
BasementPartially Finished, Garage Access, Concrete

Climate & Utilities

HeatingCentral, Baseboard, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1B

Property & Lot

Acres0.45
SqFt Lot19,759
Lot Features--

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
KitchenFamily RoomPrimary Bedroom
Basement
Bedroom 5Bathroom 3
Main,First
Living RoomDining RoomBedroom 2Bedroom 3Bedroom 4Bathroom 1Bathroom 2
Living Room
Lvl Main,First

18 x 14

Flooring - Hardwood, Flooring - Wall to Wall Carpet, Open Floorplan

Dining Room
Lvl Main,First

11 x 11

Flooring - Hardwood, Flooring - Wall to Wall Carpet, Open Floorplan, Lighting - Pendant

Kitchen
Lvl First

14 x 14

Flooring - Stone/Ceramic Tile, Dining Area, Open Floorplan, Recessed Lighting

Family Room
Lvl First

14 x 16

Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet, Deck - Exterior, Exterior Access, Slider, Sunken

Primary Bedroom
Lvl First

14 x 16

Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Main,First

15 x 13

Bedroom 3
Lvl Main,First

10 x 13

Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Main,First

10 x 10

Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet

Bedroom 5
Lvl Basement

10 x 9

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Main,First

5 x 9

Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Main,First

8 x 6

Bathroom - 3/4, Bathroom - Tiled With Shower Stall

Bathroom 3
Lvl Basement

6 x 4

Bathroom - Half, Flooring - Stone/Ceramic Tile

Population

54,474

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$97K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

34.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,372 sq ft principal dwelling). Lot size: 19,759 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Listing Provided By

Listing Agent: Joyce Sullivan

Listing Office: Serhant

MLS® Number: 73576975

Browse More Homes in Peabody

Explore other active listings in the area.